For Target of 1340/1345
Who is with me for shorting in bull market ??
Sold at 1440 after 5 Mint and cooked near 1402 on second lower visit
It worked , but price did stay above , did not fall back to fill the gap
Closed my trade at 12 Noon
The reason i took this trade is because when stock starts making new high with % Gain more than 5 in a day , the next open will be likely more than 4 % of last closing price , its little difficult to understand what is % based trading , but in broker charting software there will be % Coloum so that you can view the stock movement in the form of % gain or loss
Here one thing you need to understand Not stock moves in straight 10 % high and close above 10 % in one week unless there is a valid reason or news for it to do so
So i considered some basic calculations in order to prepare this chart , but it overshoot the calculations and crowd behavior was so strong it went and hit 1444.50 , I trade in 5 Mint so i took short position in Cash at 1440 and closed my trade at 1402, at noon , i did not wanted to stay more time since so i closed this trade , although the price came down after i close the trade ,
The interesting part is in % based trading if the down fall takes it should clearly fell towards the gap filling, but here it did not happen in order to keep the trade further on
From 1440 to 1344
Sir it's not correct technically , it can push high and take your stop
Oh sir thank you for your kind faith
"Some times monkey fell from tree"
I will explain why I considered this script for selling better than buy after the session